***Official*** 2010 Stock Market Thread

[FelixDeCat]

searched but no news yet on dndn, anyone have more info?

Approved for medicare payments after being questioned for use initially. Should see a nice pop.

 

[Ms. DICKINSON]

What do you guys think of pharmaceutical companies these days? Just bought 100x ALXA to test out. I'm new to trading but being monitoring the market for years.

 

[Dacalo]

searched but no news yet on dndn, anyone have more info?

http://www.bloomberg.com/news/2010-...ta-is-adequate-u-s-panel-says.html?cmpid=yhoo

 

[Imp]

Made 10%, about a grand on Bank of America in a week, lost about $100 selling it at a loss yesterday. Got greedy. Glad I did though, kept sliding today.

 

[IHateMyJob2004]

What do you guys think of pharmaceutical companies these days? Just bought 100x ALXA to test out. I'm new to trading but being monitoring the market for years.

FWIW, JNJ and PG are probably undervalued by atleast 20% right now.

What about ALXA makes you think that managment is shareholder friendly and the board sound? What about stability of future free cash flows?

EDIT: Took a glance at ALXA. They are good at burning money. What is the potential gain with this comapny?

EDIT 2: Did some research. What are the anticipated revenues from this product?

 

[darkewaffle]

Approved for medicare payments after being questioned for use initially. Should see a nice pop.

Looks like it finally reacted afterhours, wonder if it'll keep up.

 

[routan]

HGSI is still taking a licking

 

[Azurik]

Rambus signs license agreement with Elpida...

http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=RMBS.O&timestamp=20101206130200

...and sues more companies, including Broadcom:

http://wap.osnews.com/s.wml?n=24091

Elpida was a previos licensee of Rambus, but held off of resigning to get clarity on court cases (they didn't want to pay when everyone else wasn't). Interesting they didn't sign immediately after Samsung, but right before a CAFC decision that should be announced soon.

 

[muskie32]

EDGR please go up...

 

[lothar]

1) Does everyone here still think that newspapers are going away?

2) Have people read into this matter or is it just an assumption that was made?

I'd be interested in hearing form those that have read into the matter.

FWIW: I am long LEE and hoping to buy more at $1.50 if it gets there.

What do you think of BAMM?
Looks like another value play out of favor with wall street in an out of favor industry.
Interesting how people are suggesting BAMM, Borders, and Barnes & Noble are all going to get killed by Amazon and Google.
Seems a lot familiar to the unfounded fears about newspaper companies vs. online media.

Along with BAMM, GRVY also came up on my value screener I ran today as well.
http://www.finviz.com/quote.ashx?t=grvy&ty=c&ta=1&p=d
Trading at $2.29 cash/share with zero debt, that seems to me like a no brainer.

 

[Imp]

Waiting for BAC to hit rock bottom... Surprisingly, still doesn't look like it's there.

 

[iGas]

Waiting for BAC to hit rock bottom... Surprisingly, still doesn't look like it's there.

Why wait for the banks to bottom out, when stocks like TCK & SU are making a huge move?

As well as GCE, WTN, UUU, RES, and AVL (Canadian market only), are being gobble up by American/Chinese companies. Energy (oil/uranium/coal) is on the move so as metal & metal making minerals/rare earth because the world (mainly Asia) is on a rampage recovery (expected a rapid growth well pass 2012).

 

[IHateMyJob2004]

What do you guys think of pharmaceutical companies these days? Just bought 100x ALXA to test out. I'm new to trading but being monitoring the market for years.

JNJ and PG are gems. Both undervalued.

Never buy PFE for any reason. The company is horribly run.

Trading is a zero sum game with the intermediary taking cash from all parties. If you are just buying ALXA for the sake of buying, you are entering a game that only those charging commissions can win.

 

[iGas]

What do you guys think of pharmaceutical companies these days? Just bought 100x ALXA to test out. I'm new to trading but being monitoring the market for years.

IMHO, pharmaceutical investment is a gamble. Either, they get bought out by a larger corp or discover something that make it to market (time span can be 5 years to decades of waiting), or they go belly up because they ran out of funding/investors get fed up of waiting.

If you can handle the long waiting game, then penny market could be a match for you.

Take $50,000 and buy a spread of 50 companies at $1000 each and sit on it. The average of failure in mining exploration companies is somewhere between 30~40%, and the rest may have a 100~1000% or more return in a decade.

 

[IHateMyJob2004]

What do you think of BAMM?
Looks like another value play out of favor with wall street in an out of favor industry.
Interesting how people are suggesting BAMM, Borders, and Barnes & Noble are all going to get killed by Amazon and Google.
Seems a lot familiar to the unfounded fears about newspaper companies vs. online media.

Along with BAMM, GRVY also came up on my value screener I ran today as well.
http://www.finviz.com/quote.ashx?t=grvy&ty=c&ta=1&p=d
Trading at $2.29 cash/share with zero debt, that seems to me like a no brainer.

Borders is probably going to by B&N. That is a good thing for them both. Some consolodation can occur with the brick and mortar locations.

finviz.com. That's interesting. I am doing some side work for someone to write a similar screener.

I'll try to give BAMM and GRVY a look later on today. Have you look through annual reports, etc for them?

I think products like the Kindle are going to reshape print media. The thing is, the product itself is the text, not the paper book or newspaper. The content is hte sam,e the delivery mechanism is just changing. It has taking technology about 10 years (the internet age) to get electronic books right. Newspapers are moving subscriptions to things like the Kindle. Jsut in the test phase now but sounds like a winner.

 

[IHateMyJob2004]

I took a look over BAMM. Only about 5 minutes. Per my previous Kindle related comment, I just don't see this busienss model as being viable long term. Paper back book stores will always be around, I just don't want to guess at who the winnes will be. My guess is Borders and B&N though. I think the content producers are the way to go if they are beaten down right now.

 

[iGas]

I don't want to sound like an ahole, but US stock market slump is music to my ears, because it will boost the Canadian market even more once the US market on the recovery. And, I will be waiting on the side line to scoop up cheap US stocks

 

[dullard]

I don't want to sound like an ahole, but US stock market slump is music to my ears, because it will boost the Canadian market even more once the US market on the recovery. And, I will be waiting on the side line to scoop up cheap US stocks

I'm with you for scooping up cheap stocks, but a 0.1% drop is hardly a "slump". And we are only 0.5% under a two and a half year high. Again, not a slump and not music to my ears.

 

[IHateMyJob2004]

Well one of my two naked put positions on USG closed today for 5 cents The Jan 2010 at $10 strikes .... I still have some Jan 2011 naked puts at the $15 strike.

 

[iGas]

I'm with you for scooping up cheap stocks, but a 0.1% drop is hardly a "slump". And we are only 0.5% under a two and a half year high. Again, not a slump and not music to my ears.

Not a big slump, but investors seems to be a bit skittish these days therefore they will look for any excuse to take high beta (volatile) stocks down 5~10% or more, which is more than enough for me to make my margin.

I'm good with 4~5% fluctuation in 30~90 days, but in the last few weeks it seems as if 5~12% fluctuation in a couple of days in stocks that I'm keeping an eye on is quite common.

 

[Imp]

Why wait for the banks to bottom out, when stocks like TCK & SU are making a huge move?

As well as GCE, WTN, UUU, RES, and AVL (Canadian market only), are being gobble up by American/Chinese companies. Energy (oil/uranium/coal) is on the move so as metal & metal making minerals/rare earth because the world (mainly Asia) is on a rampage recovery (expected a rapid growth well pass 2012).

Oh, I made a killing with SU the past 2 weeks.

I'm waiting for SU to drop again (betting on it peaking out around $36.50). Now in RIM and JPM (short short stay). Should have went with RIM earlier, it's made about 25% in the past month.

 

[iGas]

Well one of my two naked put positions on USG closed today for 5 cents The Jan 2010 at $10 strikes .... I still have some Jan 2011 naked puts at the $15 strike.

Nice, how many did you get?

I'm still a newbie at this only been in for 4 years (lost my shirt in 2007 crash, and sold all US holding at 50% lost), therefore I haven't brave the option water just yet.

 

[iGas]

na

 

[iGas]

Oh, I made a killing with SU the past 2 weeks.

I'm waiting for SU to drop again (betting on it peaking out around $36.50). Now in RIM and JPM (short short stay). Should have went with RIM earlier, it's made about 25% in the past month.

I just sold 1000 SU at $36.00 CAD, and I'm waiting to get more GCE as well as AVL & UUU.

2~3 weeks ago I sold TCK at $48.77 and today it closed at $56.72. I missed judge TCK.B as well as getting out early with GCE sold GCE at $8.50, and GCE closed today at $10.63.

AVL was $2 a share in Jun/Jul, and it went to $4.50 in Oct, then drop to $3.00 last week, and today it close at $4.19 (an excellent ride if you know what you are doing).

Buy back price of SU for me is sub $35.00 CAD.

RIM have had a good swing recently, but I'm not familiar with tech stocks at the moment (got burn with NVDA during the crash, and never look back at tech stocks).

PS. Did you read this article?
It suggested that JPM is going to be caught with it pants down in the silver market and is trying to corner the copper market to make up the sliver lost. Time to load up on TCK.B if it is true.

 

[SSSnail]

For those of you that likes to dabble in the pennies market, ACTC has been approved for phase 1 and 2 multi-center testing, concurrently. This company has a real market of ~30BN with no competitor (and that's just one of their product research). The only reservation is that they have over 1BN shares... But regardless, I suspect this will be a huge pop once the testing data comes back, which will be in about a year. So far, no negative side affects.